Peer-to-Peer Local Energy Market: Opportunities, Barriers, Security, and Implementation Options
Olamide Jogunola,
Abimbola S. Ajagun,
Wayes Tushar
et al.
Abstract:The concept of the peer-to-peer local energy market (P2P LEM) is no longer novel to the energy community. Yet, its large-scale implementation within the current electricity network remains a complex challenge. One key reason is the lack of understanding of the supplier licensing models in different countries. For instance, in the UK, up to year 2023, a consumer is only allowed to have a single supplier at a time under its single licence supplier model. This directly contradicts the existing P2P trading models … Show more
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